1. IPO Launch & Offer Size
Launch Date: The IPO opens for public subscription on September 10, 2025, and closes on September 12, 2025. The anchor investor bidding occurred on September 9.However pre-ipo bidding can be done now.
Size & Structure: Total IPO size is ₹1,900 crore, comprising a fresh issue of ₹472 crore and an offer for sale (OFS) worth ₹1,428 crore by existing shareholders.
2. Price Band & Valuation
Price Band: Set between ₹98 and ₹103 per share.
Minimum Lot: 145 shares per lot, implying a minimum investment of ₹14,935 at the upper price band.
Valuation: At the top end of the band, this places Urban Company’s market valuation at ~₹14,789–₹14,800 crore.
3. Listing Timeline
Allotment Date: Expected by September 15, 2025, and listing on NSE & BSE on September 17, 2025.
4. Use of IPO Proceeds
As per the DRHP, proceeds from the ₹472 crore fresh issue are planned for:
₹190 crore: Technology and cloud infrastructure
₹70 crore: Office leases
₹80 crore: Marketing initiatives
Remaining amount will be used for general corporate purposes
5. Financial Performance Snapshot
FY 2024–25 Highlights:
Revenue grew ~38% 🚀 to ₹1,144 crore (vs. ₹828 crore in FY24)
✅ UrbanCo turned profitable this year with net profit of ₹240 crore, aided by a deferred tax credit of ₹211 crore; pre-tax profit was ₹28 crore.
Healthy Financials point to improved operational efficiency and a stronger growth trajectory.
6. Market Sentiment & Grey Market Premium (GMP)
The GMP has surged, now showing a ~27% premium over the top of the price band, indicating strong listing expectations.
7. Broader Market Context
SEBI Approval: Urban Company is among 13 companies recently cleared by SEBI to launch IPOs, underlining heightened interest in India’s IPO pipeline.
Market Recognition: Recently awarded “Startup of the Year” at the ET Startup Awards 2025.This means company has turned around itself into high growth areas and financially sound co.
New Growth Areas-Urban Company has recently entered into new areas such as drawing room renovations or PVC wall claddings which has huge scope.
Summary Table
Attribute Details
IPO Size ₹1,900 crore (₹472 cr fresh issue + ₹1,428 cr OFS)
Price Band ₹98 – ₹103 per share
Minimum Investment ₹14,935 (one lot of 145 shares)
Valuation at Upper Band ~₹14,800 cr
Subscription Window Sept 10–12, 2025
Allotment Date Sept 15, 2025
Listing Date Sept 17, 2025 (NSE & BSE)
Revenue (FY25) ₹1,144 crore (up 38% YoY)
Net Profit (FY25) ₹240 crore (incl. tax credit)
GMP is trending at 34% premium over issue price band at the time of publishing this article.
Investor OutlookThe sizeable GMP and healthy fundamentals suggest potential listing gains, particularly appealing for listing-focused investors. However, concerns remain around valuation multiples and long-term growth scalability. Price/Sales of approximately 12.9× at the top price band.